Brief: Incap Q2 Adjusted EBIT Stable At EUR 2.8 Million

Incap Oyj

26/08/2020 07:08

Aug 26 (Reuters) - Incap Oyj  ICP1V.HE :
    * REG-INCAP GROUP HALF-YEAR FINANCIAL REPORT FOR
JANUARY–JUNE
2020: SATISFACTORY PERFORMANCE DESPITE THE COVID-19 PANDEMIC
    * REVENUE OF Q2 AMOUNTED TO EUR 22.6 MILLION, SHOWING AN
INCREASE
OF 21% (4-6/2019: EUR 18.7 MILLION)
    * Q2 ADJUSTED EBIT WAS EUR 2.8 MILLION (EUR 2.9 MILLION),
CORRESPONDING TO 12.2% OF REVENUE (15.5%)
    * CLOSURE OF FACTORY IN INDIA AND OTHER EFFECTS OF PANDEMIC
HAD A
NEGATIVE IMPACT ON ORGANIC REVENUE GROWTH AND PROFITABILITY
    * OVERALL MARKET DEMAND CONTINUED ON A GOOD LEVEL DURING Q2
    * FOLLOWING ACQUISITION OF AWS ELECTRONICS GROUP IN JANUARY
2020,
INCAP ESTIMATES REVENUE FOR 2020 TO BE SIGNIFICANTLY HIGHER THAN
IN 2019
    * OPERATING PROFIT (EBIT) IS ESTIMATED TO BE APPROXIMATELY
ON SAME
LEVEL AS IN 2019
    * ESTIMATES AND FORECASTS CONTAIN SIGNIFICANT UNCERTAINTY
RELATED
TO COVID-19 PANDEMIC

Source text for Eikon:  ID:nGNE7J0YYL 
Further company coverage:  ICP1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))